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Showing posts from March, 2020

Donate Commercial Real Estate And Get Tax Deduction

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It commonplace to donate cash, clothing or other household goods to charitable organizations. It is not so common to  donate commercial real estate . Real Estate owners may decide to donate their property to a charity for a  variety of reasons ; the donation process for commercial real estate can be easier with the help of the  Giving Center . When you are deciding which charity you would like to donate real estate to, remember you may only collect  tax benefits  with an IRS approved nonprofit charity. Although you can give your property to any charity you wish, you can only deduct the donation if it is made to a charity recognized by the Internal Revenue Service. Giving Center is an  IRS certified 501(c)3 nonprofit charity . That means you can  donate real estate  to Giving Center and not have any capital gains exposure because you are donating — not selling — the property. Keep in mind the size of your tax deduction is determined by the c...

Make A Difference With An Art Donation

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Your  art donation  will have a significant effect on people’s lives, countless global causes require support and the appreciation that they exude and the impact and influence need to be seen to believe. Your generous  artwork donation  can transmit emotions such as joy, relief, and happiness to those who are less fortunate. Any piece of artwork or even an entire art collection which you donate to the Giving Center helps. A Closer Look At Collectible Art Collected or inherited art that is both held for more than one year and has appreciated in value qualifies as a “collectible” under the  Internal Revenue Code . It is therefore considered a capital asset. Capital gains tax will be owed when collectible art is sold by the owner. Capital gains tax will be owed on the difference between the current   fair market value   and the owner’s cost basis. If the owner   donates appreciated artwork to a charity , such as the   Giving Center , be...

Yes, You Can Donate Your Yacht To Charity!

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Yacht Donation   can give you an alternative to the time and expense involved in selling or trading vessels. The benefits from negating holding costs while obtaining a reasonable   tax deduction   from a safe and reputable charity. The process is  convenient and all proceeds raised by the  yacht donation  support mission to help youth develop into responsible and productive citizens. In doing so we help protect public safety and positively impact youth and their families by helping them separate a troubled past from a bright future. Giving Center   has a team of full-time experts working on yacht donations all year round. Their team has decades of experience in the yachting industry and is committed to protecting you, the donors. Giving Center’s  Yacht Donation Program  will make sure the funds from your  donated yacht   go to a great cause. When you  donate yacht , it is a lot easier than putting an expensive advert...

Ready To Upgrade? Donate Used Boat To Charity!

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Summer is just starting, which means you could be planning trips to the lake soon. Hopefully, you have a shiny new boat at your dock. If your boat maybe isn’t so new and or this might be the last season you will be using it, you are probably looking at options for trading up to a bigger or better boat. If that’s your plan, there is an easier solution to selling or trading in a boat that you might get little-to-no money. After investing time and energy into listing a boat and showing it off to potential buyers, it’s a huge disappointment when you are unable to sell it for the price you were hoping for. This can all change with  boat donation  with the  Giving Center . Donate A Boat To Charity And Get A Tax Deduction Instead of selling or trading, consider donating boat to Giving Center. Giving Center is an  IRS-approved 501(c)(3) non-profit organization  and can help make sure the proceeds raised from your donated boat go towards helping those in need. A...

Donating During A Crisis

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The coronavirus has upended the lives of millions, with no clear end in sight. As restaurants, bars, and shops across the nation shut down in order to help stop the spread of the virus, thousands of workers are being sent home. For many, it means uncertainty as to when they will see a paycheck again. For those out there who want to help, it can be hard to know where to start. It is a very confusing world right now, but people should continue to give as generously and worry about what specifically or where specifically they need to donate. All giving is very necessary. Giving Center  offers the following to think about when donating: Think local There are tons of informal campaigns popping up. You may gift money to a restaurant worker who may be laid off from work. However, you can also give to the same charities that you have been already giving to all the time. It can be helpful to consider both approaches. Give a small gift to somebody who is in need, and give to t...

Car Donation During Coronavirus Outbreak

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The Coronavirus forged its way into the world late last year. The disease has continued to move swiftly in early 2020, causing the United States President to declare a National Emergency. The World Health Organization (WHO) also declared a pandemic in March of this year. Giving Center  encourages all to stay safe, healthy, and educated. Here are some bits of information about  car donation  and the impact that the virus has on  car donation . Facts About the Coronavirus The following facts are provided by the CDC.  Click here  to get additional information about Coronavirus. The virus  does not  discriminate. Anyone of any race, ethnicity or background is able to be infected with the Coronavirus. For many, the risk of becoming seriously ill with Coronavirus is relatively low. Older adults, people with underlying health issues ( such as asthma, respiratory failure, HIV, AIDS, and compromised immune systems) can be affected by the dis...

Crisis Opens Need For RV Donations

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As sit and shelter ordinances are implemented throughout the country, the need for a safe place to shelter for certain groups of individuals is coming into clear focus.  Giving Center   is seeking   donations of recreational vehicles . When you donate with the Giving center, you can be sure your   RV donation   or   camper donation   will be reconditioned and given to people in need. When you donate RV to charity you help house those individuals who do not have their own home and therefore have no place to sit and shelter from this new highly contagious and sometimes fatal respiratory illness caused by coronavirus, or SARS-CoV-2. It is easy to complete the process of making an RV donation, regardless of condition: crashed, broken, or simply not running.  Giving Center  will provide fast, free pickup of your RV donation at no cost to you. You will also receive a  tax deduction  for your donation. When you donate to the Givin...